Tuesday, October 23, 2018

Plutocracy

The central issue is we're developing into a plutocracy. We've got an enormous number of enormously rich people that have convinced themselves that they're rich because they're smart and constructive. And they don't like government, and they don't like to pay taxes.

-- Former Federal Reserve Chairman Paul Volcker, in an interview with Andrew Sorkin, New York Times, 23 October 2018